Share certificate as prima facie evidence; fraudulent renewal or duplicate issuance attracts statutory penalties and officer liability. A company's share certificate under its common seal specifying shares held is prima facie evidence of title. Certificates may be renewed or duplicates issued when lost, destroyed, or surrendered if defaced or mutilated. Fraudulent renewal or duplicate issuance attracts penalties and officer liability. The manner, form, register particulars, fees and terms for issuance, renewal or duplicates are to be prescribed and prevail over articles of association.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Share certificate as prima facie evidence; fraudulent renewal or duplicate issuance attracts statutory penalties and officer liability.
A company's share certificate under its common seal specifying shares held is prima facie evidence of title. Certificates may be renewed or duplicates issued when lost, destroyed, or surrendered if defaced or mutilated. Fraudulent renewal or duplicate issuance attracts penalties and officer liability. The manner, form, register particulars, fees and terms for issuance, renewal or duplicates are to be prescribed and prevail over articles of association.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.